A citizen group ralsed funds to establish an endowment for the Eastville City Library. Under the terms of the trust agreement, the A citizen group ralsed funds to establish an endowment for the Eastville City Library. Under the terms of the trust agreement, the

principal must be maintained, but the earnings of the fund are to be used to purchase database and periodical subscriptions for the

library. A preclosing trial balance of the library permanent fund follows:

Required: $$

a$.$ Prepare any closing entrles necessary at year$-$end.

b$.$ Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balance for the Ilbrary permanent fund.

c$.$ Prepare a balance sheet for the Library Permanent Fund $($Use Restricted to Subscript$/$ons for any spendable fund balance$).$

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Required B

Required C

Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balance for the library permanent fund. A citizen group ralsed funds to establish an endowment for the Eastville City Library. Under the terms of the trust agreement, the

principal must be maintained, but the earnings of the fund are to be used to purchase database and perlodical subscriptions for the

library. A preclosing trial balance of the library permanent fund follows:

Required:

a$.$ Prepare any closing entrles necessary at year$-$end.

b$.$ Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balance for the library permanent fund.

c$.$ Prepare a balance sheet for the Library Permanent Fund $($Use Restricted to Subscript$/$ons for any spendable fund balance$).$

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Required C

Prepare a balance sheet for the Library Permanent Fund $($Use Restricted to Subscriptions for any spendable fund balance$).$

principal must be maintalned, but the earnings of the fund are to be used to purchase database and periodical subscriptions for the

Ilbrary. A preclosing trial balance of the library permanent fund follows:

Required:

a$.$ Prepare any closing entrles necessary at year$-$end.

b$.$ Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balance for the Ilbrary permanent fund.

c$.$ Prepare a balance sheet for the Library Permanent Fund $($Use Restricted to Subscript$/$ons for any spendable fund balance$).$

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Complete this question by entering your answers in the tabs below.

Prepare any closing entries necessary at year$-$end. $($If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry

Required" in the first account field.$)$